PPP Loan Data — Scheurer Healthcare Network, Pigeon, MI
Scheurer Healthcare Network is a non-profit organization located at 170 N Caseville Rd in Pigeon, Michigan that received a Coronavirus-related PPP loan from the SBA of $5,467,972.00 in April, 2020.
$ PPP Loan Information
Lender:THUMB BANK & TRUST
Scheurer Healthcare Network in Pigeon, MI received a Paycheck Protection Loan of $5.47M through THUMB BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Scheurer Healthcare Network's total 2019 payroll expenses were approximately $26.25M in order to qualify for the PPP loan amount received.
Based on their reported 442 jobs retained, this equals an estimated average yearly compensation of $59,381 per employee1.
Business Information - Scheurer Healthcare Network in Pigeon, MI
170 N Caseville Rd
Pigeon, MI 48755
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-10
Industry PPP Comparison Statistics
Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 40 employees, 91% lower than Scheurer Healthcare Network's reported 442 employees, and received an average PPP loan of $491,002, 91% lower than this company's loan of $5.47M.
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Footnotes & Information
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